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FxWirePro:EUR/AUD reverses recent rally bias back to downside

Feb 20, 2023 17:11 pm UTC| Technicals

EUR/AUD declined on Monday as risk-sensitive Australian dollar was lifted by iron Ore gains. The euro erased Fridays gains against Australian dollar, the pair was last down at 0.55% at 1.5455. Technical signals...

FxWirePro: Daily Commodity Tracker - 20th February, 2023

Feb 20, 2023 16:46 pm UTC| Technicals

Daily Commodity...

FxWirePro: AUD/NZD Daily Outlook

Feb 20, 2023 16:35 pm UTC| Technicals

Chart - Courtesy Trading View Technical Analysis: - AUD/NZD was trading 0.37% higher on the day at 1.1052 at around 16:25 GMT - The pair has spiked past 200-DMA resistance and is on track to test 61.8% Fib -...

FxWirePro- Major pair levels and bias summary

Feb 20, 2023 11:49 am UTC| Technicals

Major pair levels and bias...

FxWirePro: EUR/JPY Daily Outlook

Feb 20, 2023 11:40 am UTC| Technicals

Chart - Courtesy Trading View EUR/JPY was trading 0.06% lower on the day at 143.34 at around 10:17 GMT, outlook remains bullish. The pair trades in a Symmetric Triangle pattern and is consolidating break above daily...

FxWirePro- BTCUSD Predictions

Feb 20, 2023 11:23 am UTC| Technicals Digital Currency

BTCUSD has been consolidating in a narrow range for the past four days. It gained momentum despite a strong PPI. It rose to 6% YoY, well above an estimated 5.6%. The inflation for the month of Jan increased by 0.70%...

FxWirePro- Currency Strength Index (4- Hour chart)- Currency pairs to watch (GBPJPY and AUDJPY) for the day)

Feb 20, 2023 08:58 am UTC| Technicals

Pair Value Recommendation GBPJPY 270.16 Buy AUDJPY 334.68 Strong Buy GBPJPY Major resistance- 162.35 Near-term support- 160.70 Trend reversal level-...

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Economy

ECB Board Member Warns: ‘Bond Buys Are Constraining Us for Years’ in Bold Policy Shift

European Central Bank board member Isabel Schnabel urged a more restrained approach to bond purchases, emphasizing that interest rate adjustments should remain the ECBs primary tool for managing inflation. Her comments,...

Bank of Mexico Slashes Key Interest Rate Again, Signaling More Cuts on the Horizon ‘If Conditions Allow’

The Bank of Mexico lowered its benchmark interest rate by 25 basis points on Thursday, marking its third consecutive rate cut. This decision reflects progress in managing inflation and signals that additional rate...

‘Fed’s Rate Cuts Can Wait,’ Powell Declares as Economy Stays Strong and Inflation Lingers

Federal Reserve Chair Jerome Powell announced on Thursday that the U.S. central bank does not feel pressured to hastily reduce interest rates, given the countrys solid economic growth, a resilient job market, and inflation...

OpenAI’s Game-Changing ‘Thinking’ Model Redefines AI Development: ‘Scaling Up Is No Longer Enough'

Artificial intelligence companies like OpenAI are rethinking their approach to AI development as traditional scaling methods hit technical and practical limitations. Facing power shortages, soaring data demands, and...

AMD Cuts 1,000 Jobs Amid Declining Gaming Sales and Lower-than-Expected Revenue Outlook for Q4

AMDs global workforce sees a 4% reduction after the companys Q3 results fell short of expectations, driven by a dramatic 69% drop in gaming revenue. This layoff decision is part of AMDs strategy to focus on high-growth...

Politics

Trump Shocks Washington by Naming RFK Jr. as New Health Secretary: ‘A Bold Move in Healthcare!’

President-elect Donald Trump has confirmed the appointment of Robert F. Kennedy Jr. as the next Secretary of Health and Human Services (HHS). The selection of Kennedy, known for his outspoken views on vaccine policies and...

Matt Gaetz Resigns from Congress Amid Nomination as Attorney General: 'A Shocking Career Move!' Sparks Debate

Rep. Matt Gaetz, a Republican firebrand known for his staunch conservatism and high-profile confrontations on Capitol Hill, has resigned from Congress following his nomination to serve as the next U.S. Attorney General....

Special Counsel Jack Smith Abruptly Seeks to Dismiss Appeal Against Trump in Explosive Classified Docs Case

In a surprising development in the ongoing legal battle involving former President Donald Trump, Special Counsel Jack Smith has moved to dismiss his appeal in the high-profile classified documents case. Smiths decision to...

Lara Trump Eyes Senate Seat: ‘Incredible Opportunity’ if DeSantis Appoints Her as Rubio’s Replacement

Lara Trump, a prominent member of the Trump family and vocal conservative advocate, has expressed her willingness to serve as a U.S. Senator if Florida Gov. Ron DeSantis appoints her to fill Marco Rubios seat. As the...

John Bolton Slams Trump’s Cabinet Pick of Matt Gaetz: ‘The Worst in American History!’

Former National Security Advisor John Bolton did not hold back in his recent critique of former President Donald Trumps decision to nominate Rep. Matt Gaetz for a Cabinet position, describing it as potentially the worst...

Science

Blue Origin Prepares to Test New Glenn Rocket, Set to Rival SpaceX's Falcon Rockets

Blue Origin is making significant strides toward testing its New Glenn rocket, designed to compete with SpaceXs Falcon lineup. With seven BE-4 engines producing 3.8 million pounds of thrust, the New Glenn is set to test...

SpaceX’s $2.9 Billion Moon Ship Reveals Spacious Design for Future Lunar Missions

SpaceXs latest prototype of its Starship Human Landing System (HLS) offers an inside look at the spacious, two-story design that could soon carry astronauts to the Moon. A central feature in NASAs Artemis program, this...

CDC Urges Second COVID-19 Vaccine for Seniors: ‘Protect Your Health This Season!’ Experts Say It’s Critical

In a recent public health announcement, the Centers for Disease Control and Prevention (CDC) recommended that individuals aged 65 and older receive a second dose of the 2024-2025 COVID-19 vaccine. This additional dose, the...

Breakfast Secrets: 'Fiber-rich Foods Are the Key to Weight Loss!' Experts Reveal Shocking Truth

Health experts often emphasize the importance of a balanced diet combined with regular exercise for weight management. However, for many, achieving these goals can be a daunting challenge. Instead of drastic food...

Scabies Surge Sparks Alarm: Doctors Warn Brits, 'Don't Ignore That Rash!'

Doctors in the United Kingdom are sounding the alarm over a dramatic rise in scabies cases, urging residents not to dismiss any signs of the itchy skin condition. Recent data shows that hospitals detected approximately...

Technology

Don Lemon Drops Bombshell: ‘I’m Done with Twitter!’ as He Bids Farewell to Platform in Shocking Exit

Don Lemon has announced he is leaving X, the social media platform formerly known as Twitter. The former CNN anchor, who has been an active and often polarizing voice on the platform, revealed his decision to step away,...

Meta's Threads to Launch Ads in 2025, Poised to Steal X's Advertisers

Meta Platforms plans to roll out advertisements on its Threads app starting in early 2025, strategically positioning itself to lure advertisers from X, formerly Twitter. With Threads reaching 275 million active users, Meta...

Tesla’s 6th Cybertruck Recall Ignites Safety Concerns with Drive Power Loss Affecting Thousands

In a sweeping recall, Tesla addresses a critical inverter flaw in over 2,400 Cybertrucks, risking sudden drive power loss in specific models. Issued by the NHTSA, this sixth recall for the model requires physical repairs...

Shiba Inu Burn Rate Drops Sharply, Yet Shibarium Adoption Hits Record High

Shiba Inu (SHIB) sees its burn rate plummet by 94% in 24 hours amid price consolidation after a massive rally. Despite this, the meme coins adoption soars as Shibarium surpasses 500 million transactions, signaling strong...

BYD Aims to Rival Tesla in South Korea’s Electric Vehicle Market with 2025 Launch

BYD is gearing up to introduce its Atto 3 and Seal electric vehicles in South Korea by early 2025, signaling the Chinese automakers entry into the passenger car market. The launch aims to capture South Koreas rapidly...